Headline on the wires
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- Good news won’t prompt ECB to tighten rates
- Cautiously optimistic about about euro-area outlook
Speaking in an interview from Jackson Hole
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ECB’s Nowotny: Good economic news removes need for rate cut
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Japan Q1 GDP 2.1% y/y (beats expected of 1.7%)
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- Morgan Stanley warns bond rout could trigger equity correction, still sees S&P500 @ 8300
- New Zealand inflation pressures build as producer prices rise and retail sales dip
- MUFG: Dollar set to extend gains as Warsh Fed signals hawkish shift on inflation
- Oil futures have reopened for trade, lower on Iran optimism
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